Most Important Topics | 60 Marks in Class 12 Accounts Board exam 2024 | MUST DO Questions before

Board Exam

1. Partnership Fundamentals:
a) Profit & Loss Appropriation A/c
• General Reserve
• Commission 4 Marks
• Interest on Drawings
• Interest on Capital

2. Goodwill Nature and Valuation:

Average profit method – Only Past Adjustments – 4 Marks

3. Admission of a Partner:
Full Fledged Question with Adjustment of Capital – 6 Marks

4. Retirement of a Partner:
Treatment of Goodwill – 3 Marks
Full Fledged Question – Adjustment of Capital - 6 Marks

5. Death of a Partner:
Profit up to the date of death – 3 Marks
Executors Loan A/c – 6 Marks

6. Dissolution of Partnership Firm:

Journal entries – 4 Marks
a) Creditor taken over an Asset
b) Realisation Expenses
c) Assets Realised & Liabilities Settled
d) Treatment of Reserves & Accumulated Profit
e)
7. Other than Cash – Shares & Debentures – 4 Marks

8. Extract of Balance Sheet – 4 Marks

9. Issue entry from the view point of redemption – 3 Marks

10. Writing off Discount or loss on issue of Debentures – 3 Marks

11. Collateral Security (Extract of Balance Sheet) (or) Interest on Debentures – 3 Marks

12. Comparative & Common Size Statement – 4 Marks

13. Cash Flow Statement:

Interest on loan / Debentures
Asset & Accumulated Depreciation
Provision for Tax

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